If you don't see images, click here to view
To ensure delivery, please add mark@bisnow.com to your address book, learn how
Story Ideas  Events 
| Forward to a Friend
Real Estate Bisnow
June 10, 2008


For those of you who don’t know us, we are now Washington’s leading set of local business publications, covering the niches of law, tech, trade associations, commercial real estate, women executives, and now medical. We like to be fun, colorful, and informative about top people and happening—not vacuous or negative. Life’s too short.  Send us your story suggestions!


You: Financially well-off health system looking to expand. Perhaps a university? Serious bidders only.

Me: Distance running hospital President. Married (wife’s OK with this, even encouraged it). Comes with top rated ER. Can’t provide dowry. Can’t provide money, period.

That’s our suggestion for Prince George’s Health Center President John O’Brien who, just 2.5 years into the job, must find a new owner for a hospital that hasn’t turned a profit in 11 years. For kicks, we also suggested Inova, considering they recently abandoned their merger attempt with Prince William and would only have to change one name on the paperwork. Luckily for John, we’re not on his board, and Governor Martin O’Malley signed legislation on May 22 that will assist in the sale of the Dimensions Healthcare-owned center.


The hospital is on public land, so the state intervened to help expedite the transaction. The bill creates a county Hospital Authority to conduct a bidding process, so the health system can be sold by the end of the calendar year. John isn’t picky, but he listed Johns Hopkins and UMD as good fits. In his pitch, he said Prince George’s location in a high-immigration area means a variety of unique illnesses useful for study. A recent example? An African immigrant brought an organism first seen in Russia in 1917 and not observed in the US since 1972.  Reached for comment, Rasputin said “Now that would have killed me.”  Prince George’s successfully discharged the patient.


Near-term financial relief is coming. The state and county are each kicking in $1 million a month until the sale. Unfortunately, with the hospital’s debt, that only breaks them even, meaning no new toys in the meantime. They also received a three year state grant that John says helped pay for a new CT scanner and a more comfortable state-of-the-art digital mammography unit. John adds the hospital has received some unusual praise: Several local police chiefs thanked the doctors for (technically) helping lower the murder rate, ie, victims have been saved due to the hospital’s good work.  


John can outrun us—he ran the Cherry Blossom Half Marathon in April—so we asked all the hard questions in the elevator. For example, having been born in Pittsburgh, creating and selling a physician management company in Detroit, and being COO at hospitals in PA and Michigan, could he tell us what exactly is a rust belt? He wisely brushed that aside in favor of telling us he’s a history buff who’s visited many of the preserved plantations and civil war landmarks in PG County. A coincidence then that he may make history as the last President of a Dimension’s Health-owned Prince George’s Hospital.


We took this yesterday at lunch at the downtown Ritz as we ran into Ken Samet, left, CEO of MedStar Health, and his longtime predecessor John McDaniel, now head of the MedStar Foundation. We’re not suggesting they were thinking the speaker they came to hear at the Economic Club of Washington event, Google CEO Eric Schmidt, might be an interesting philanthropic target for the Foundation, but since Eric’s made $6 billion in his six years on the job, and comes from Washington, it might not be a bad idea.

Cardinal Bank
DC United
Advertise with Bisnow
CONTACT EDITORIAL                             CONTACT ADVERTISING                              CONTACT GENERAL INFO

This newsletter is a journalistic news source which accepts no payment for featured interviews. It is supported by conventional advertisers clearly identified in the right hand column. You have been selected to receive it either through prior contact or professional association. If you have received it in error, please accept our apologies and unsubscribe at bottom of the newsletter. ? 2008, Bisnow on Business, Inc., 1323 Connecticut Avenue, NW, Washington, DC 20036. All rights reserved.

| Subscribe
| Forward to a Friend
Zegna Adrian Jules Dormeuil email